Bloq DeFi’s TVL Surpasses $125M, Outpacing Market Growth

The past two months have marked a period of exceptional growth for Bloq DeFi’s protocols. Vesper and Metronome have each seen substantial increases in TVL. Meanwhile, Odyssey already has a meaningful impact, with nearly $12 million in deposits today despite still being in beta.

Although part of this rise can be linked to Ethereum’s recent uptrend, most comes from new capital entering the ecosystem. Odyssey’s Loopr strategies have been central to this growth by routing liquidity into Vesper and Metronome, using Vesper as a yield source and Metronome’s synthetic assets as collateral for borrowing. This interaction has amplified activity across all three protocols and set the stage for rapid expansion.

Expansion Across All Protocols

Each protocol has contributed to the increase in total TVL, but the turning point came with Odyssey’s launch. Even though Odyssey’s deposits remain modest compared to Vesper and Metronome, its integrations have accelerated growth across the board. Odyssey directs deposits into the system, while Vesper and Metronome put them to work. Together, this coordination produces more growth than any single protocol could generate independently.

The chart above tracks combined USD-denominated TVL for all three protocols over the past months. Growth picked up momentum through the spring and then accelerated sharply in June. With Odyssey providing new routes for capital, deposits in both Vesper and Metronome moved to their strongest levels since 2022.

Why Growth Is Accelerating Now

Odyssey has quickly established itself as a growth engine for the ecosystem by implementing strategies that connect directly into other protocols. Two of its largest positions are ETH-based, powered by Origin’s SuperOETH and YieldNest’s ynETHx. Shortly after integrating these protocols Odyssey has already become one of their largest TVL sources. In fact, today Odyssey’s Morpho markets account for roughly 35% of Origin’s staked TVL and nearly 20% of YieldNest’s TVL.

Inside Bloq DeFi’s ecosystem, each protocol plays a complementary role. Their combined functions allow capital to move freely across them and the benefits spread through the entire stack.

Outpacing the Broader DeFi Market

Although this acceleration has unfolded alongside a wider recovery in DeFi, Bloq’s growth has been considerably faster. The second chart compares indexed TVL growth for Bloq Defi’s ecosystem against the total DeFi market over the last six months, with both starting at 1.00 in January.

While the DeFi market as a whole has risen around 33% since the start of the year, Bloq DeFi’s combined protocols have grown by 129%, with most of the increase occurring after June. That is almost four times faster. This difference shows that Bloq DeFi’s surge is not simply the result of a broader market recovery, but of integrations and strategies that drive growth in the ecosystem.

What This Means Going Forward

Odyssey is also creating a new dynamic for growth: protocols are beginning to view it as a launchpad. By integrating into Odyssey, new projects can gain immediate adoption and see their TVL scale much faster. This has already attracted interest from projects looking to plug into the Bloq stack. At the same time, there are indications that listed protocols may start to direct additional incentives specifically to Odyssey users, further enhancing yields.

With TVL now at its highest levels since 2022, Bloq’s DeFi ecosystem is positioned to continue expanding. The combination of strong ETH market conditions and the compounding effects of cross-protocol strategies suggests that the ecosystem’s current growth is only the beginning.